Schwab Long Term Treasury Etf Market Value
| SCHQ Etf | USD 33.26 0.22 0.67% |
| Symbol | Schwab |
The market value of Schwab Long Term is measured differently than its book value, which is the value of Schwab that is recorded on the company's balance sheet. Investors also form their own opinion of Schwab Long's value that differs from its market value or its book value, called intrinsic value, which is Schwab Long's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Schwab Long's market value can be influenced by many factors that don't directly affect Schwab Long's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Schwab Long's value and its price as these two are different measures arrived at by different means. Investors typically determine if Schwab Long is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Schwab Long's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Schwab Long 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Schwab Long's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Schwab Long.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Schwab Long on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Schwab Long Term Treasury or generate 0.0% return on investment in Schwab Long over 30 days. Schwab Long is related to or competes with Schwab 1, Schwab 5, Schwab Intermediate, Schwab Short, and SPDR Barclays. To pursue its goal, the fund generally invests in securities that are included in the index More
Schwab Long Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Schwab Long's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Schwab Long Term Treasury upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 3.79 | |||
| Value At Risk | (1.39) | |||
| Potential Upside | 1.23 |
Schwab Long Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Schwab Long's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Schwab Long's standard deviation. In reality, there are many statistical measures that can use Schwab Long historical prices to predict the future Schwab Long's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | 0.3393 |
Schwab Long Term Backtested Returns
Schwab Long Term owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0586, which indicates the etf had a -0.0586% return per unit of risk over the last 3 months. Schwab Long Term Treasury exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Schwab Long's Variance of 0.6224, coefficient of variation of (1,197), and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The entity has a beta of -0.22, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Schwab Long are expected to decrease at a much lower rate. During the bear market, Schwab Long is likely to outperform the market.
Auto-correlation | 0.04 |
Virtually no predictability
Schwab Long Term Treasury has virtually no predictability. Overlapping area represents the amount of predictability between Schwab Long time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Schwab Long Term price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Schwab Long price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Schwab Long Term lagged returns against current returns
Autocorrelation, which is Schwab Long etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Schwab Long's etf expected returns. We can calculate the autocorrelation of Schwab Long returns to help us make a trade decision. For example, suppose you find that Schwab Long has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Schwab Long regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Schwab Long etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Schwab Long etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Schwab Long etf over time.
Current vs Lagged Prices |
| Timeline |
Schwab Long Lagged Returns
When evaluating Schwab Long's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Schwab Long etf have on its future price. Schwab Long autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Schwab Long autocorrelation shows the relationship between Schwab Long etf current value and its past values and can show if there is a momentum factor associated with investing in Schwab Long Term Treasury.
Regressed Prices |
| Timeline |
Pair Trading with Schwab Long
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Schwab Long position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Schwab Long will appreciate offsetting losses from the drop in the long position's value.Moving together with Schwab Etf
| 1.0 | TLT | iShares 20 Year Aggressive Push | PairCorr |
| 0.99 | IEF | iShares 7 10 | PairCorr |
| 1.0 | SPTL | SPDR Barclays Long | PairCorr |
| 1.0 | TLH | iShares 10 20 | PairCorr |
| 1.0 | EDV | Vanguard Extended | PairCorr |
Moving against Schwab Etf
| 0.92 | NVDU | Direxion Daily NVDA | PairCorr |
| 0.91 | NVDL | GraniteShares 15x Long | PairCorr |
| 0.91 | NVDX | T Rex 2X | PairCorr |
| 0.84 | CRPT | First Trust SkyBridge | PairCorr |
| 0.83 | USD | ProShares Ultra Semi | PairCorr |
The ability to find closely correlated positions to Schwab Long could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Schwab Long when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Schwab Long - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Schwab Long Term Treasury to buy it.
The correlation of Schwab Long is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Schwab Long moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Schwab Long Term moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Schwab Long can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Schwab Long Correlation, Schwab Long Volatility and Schwab Long Alpha and Beta module to complement your research on Schwab Long. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Schwab Long technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.